Skip to main content

About your Search

20120911
20120911
STATION
KRCB (PBS) 2
LANGUAGE
Search Results 0 to 1 of about 2
PBS
Sep 10, 2012 11:00pm PDT
policy to boost the united states economy. after last friday's disappointing labor report there is a growing call for a robust response from the central bank which is the fed, financial markets have rallied with the expectation of a third round of bond buying known as cuan tative easing. but that option is controversial with the election two months away. joining me from washington david leonhardt, washington bureau chief of the "new york times". in 2011 he won a pulitzer prize rhis columns on the u.s. economy. i'm pleased to have him back on this program. >> thank you, charlie. >> rose: so what might the fed do and what consequences might happen? >> well, the fed is now talking about doing a version of something it has already done a couple timesment people may have heard the phrase q e3 to refer to what this is n technical terms that is quantitative easing 3. let's skip the technical terms, in essence it would buy up assets. in the course of buying up assets it would try to reduce long-term interest rate short trem interest rates are already essentily at zero, the fed moves them dow
PBS
Sep 11, 2012 4:30pm PDT
crisis, and even within the united states, with it being an election year. >> reporter: but burberry says it has been talking to other luxury goods makers, so it knows it's not alone in seeing the slowdown. as a result, luxury good stocks like lvmh, tiffany, and coach also fell today, although they didn't get hit nearly as hard as burberry. it's not just luxury firms getting hurt by the global slowdown. many other bellwether firms have said revenues are suffering due to weaker sales in china, europe and elsewhere. in the s&p 500, there have been 88 negative pre-announcements for the third quarter so far, and only 20 positive ones. >> the number of negative pre- announcements we've received is the worst in over a decade. we've already seen analysts become very bearish on these companies. >> reporter: last week, chipmaker intel drastically reduced its sales forecast, warning consumers and businesses are buying fewer personal computers. the company also withdrew its full-year guidance, which is seen as a sign of extreme uncertainty. and fedex recently cut its earnings forecast
Search Results 0 to 1 of about 2